Cheap Homes for Rent in Homewood, AL from $700 (44 Rentals)

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property at 1529 1st Ave W

1529 1st Ave W

BirminghamAL35208
Showing Results 1-44, Page 1 of 1

Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at University Ridge Apartments in the Smithfield neighborhood priced from $625. The Park at Buckingham in the West End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $648. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
The Park at BuckinghamThe ElmStudio,1BA$648
Montrose and MontclairStudio Apartment - MontroseStudio,1BA$695
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$722
University CrossingsModel A1BR,1BA$740
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
The DulionMedium StudioStudio,1BA$745
Magnolia CourtStudio ApartmentStudio,1BA$746
Wilbur1 Bedroom / 1 Bathroom Apartment, Ground Level1BR,1BA$769
Adona ApartmentsThe Elm/EvergreenStudio,1BA$775

Best Value Apartments for Rent in Homewood, AL

As of July 27, 2025 the best value apartment in the Homewood area is the $0.98 price per square foot 3x2 Model at Valley Station Apartment Homes in the in the Woodland Park neighborhood starting from $1,375. The second greatest value Homewood apartment is the 2 Bed / 2 Bath Model at Shadesmont Apartments starting at $1,050 with a $0.98 price per square foot in the Woodland Park neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Valley Station Apartment Homes3x23BR,2BA$0.98
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.13
Mountain Woods Apartments2 Beds, 2 Baths2BR,2BA$1.11
Berry Falls ApartmentsA1R1BR,1BA$1.15
The View on 18th2BR / 1BA2BR,1BA$1.05
Beacon Pointe ApartmentsWelcome to Beacon Pointe - 1 Bed | 1 Bath1BR,1BA$1.13
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
Valora at HomewoodLovell1BR,1BA$1.15
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$1.18

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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 458 Apartments for Rent in Homewood, AL with pricing that ranges from $595 to $8,231. There are also 153 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $5,500.

What is the current price range for Rental Homes in Homewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $700 to $5,500 with an average monthly rent of $2,536.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.